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PACIFIC PREMII_ERBAN K. <br />Escrow Agreement for Security <br />Deposits in Lieu of Retention <br />.n—..__,_...__.......... _. „_,... _.._...... <br />g, upon race 1pt of written notification from the Owner certifying the Contract is fine and complete, and that the <br />contractor has tomplled with all requirements and procedures applicable to the Contract, Escrow Agentshall <br />release to Contractor all securities and Interest on deposit less escrow fees and charges of the Escrow Account. <br />The escrow shall be closed Immediately upon disbursement of all moneys and securities on deposit and payments 1 <br />of fees and charges. <br />9, Escrow Agent shall rely on the written notifications from the Owner andthe Contractor pursuantto sections (5) to (8), <br />Inclusive, of this Agreement and the Owner and Contractor shall Indemnify and hold Escrow Agent harmless from j <br />Escrow Agent's reliance on a written notlflcatlon as set forth herein, Including but not limited to, release and <br />disbursement of the securities and Interest as set forth above. <br />10, The names of the persons who are authorized to give written notice or to receive written notice on behalf of the - <br />Owner and on behalf of the Contractor in connection with the foregoing, and exemplars of their respective signatures <br />are as follows: <br />On behalf of owner: City of Santa Ana <br />Signature: Date: <br />Name: Kristine Ridge <br />Title, City Manager <br />Address: 20 Civic Center Plaza, Santa Ana, CA 92701 <br />on behalf of contra CFI° <br />Signature: k <br />Name: FarrdSoroddl <br />Title: President <br />Address: 21550 Oxnard <br />On <br />sigi <br />Nar <br />Tltl, <br />Ad( <br />Inc. <br />Date: <br />Suite 1060, Woodland Hills, CA 91367 <br />Mlrgnnrcamd0ml PW P ersa <br />loaLLeclorFwmv,ynement aetlMM1141ll lda <br />